Thursday, February 20, 2014

equalnet :yet another press release stock tout 1998

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Yet another post: Equalnet Holding Corp. (Nasdaq: ENET), a
national facilities-based long-distance telecommunications provider, today
announced the completed private placement of 3.4 million shares of common
stock and warrants to purchase 170,000 additional shares of common stock, with
James R. Crane, a private investor for $3.4 million. This private placement
was initiated and committed to in March 1998 and follows the previously
announced investment in Equalnet by the Willis Group.
Proceeds of the $3.4 million from the sales of securities are expected to
be used for general corporate purposes and to partially fund the cash portion
of the proposed purchase by Equalnet of substantially all of the assets of SA
Telecommunications Inc. The closing of the acquisition is subject to approval
by Equalnet's shareholders and certain regulatory authorities.
"The successful and on-schedule completion of our private placement as
well as our pending acquisition of SA Telecommunications is clearly indicative
of our expansion strategy to return the company to profitability," said Robert
H. Turner, President and Chief Executive Officer of Equalnet. "We believe
Equalnet's mission of providing end-to-end telecommunications solutions while
expanding its customer base via telecom acquisitions is significantly enhanced
with this new investment."
Equalnet's core strategy is to build relationships with small to medium-
sized business customers by offering a wide range of telecommunications
products and services; and acquire companies with complementary business lines
serving small to medium-sized businesses.
"We are pleased by the market's acceptance of the company's progress in
implementing its strategy," added Dean H. Fisher, Senior Vice President and
General Counsel of Equalnet, "and we believe this is reflected in Equalnet's
recent stock price increase."
Equalnet has made a number of important announcements including receiving
more than $20 million in new shareholder equity including cash, assets and
converted debt and elected Robert H. Turner, an industry expert with more than
25 years telecommunications experience, as its President and Chief Executive

About Equalnet
Headquartered in Houston, Texas, Equalnet is a nationwide
telecommunications company employing approximately 100 people in the Houston
area and in its California sales office. The company provides a comprehensive
array of discounted long-distance telecommunications services. Equalnet owns
and operates a domestic network utilizing digital telecommunications switches
deployed in eight major United States cities.
This press release includes "forward looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities and Exchange Act of 1934, as amended. Equalnet's
business plans, strategy and objectives are forward looking statements. The
company believes the expectations reflected in the forward looking statements
are reasonable. Equalnet can provide no assurance such expectations will
prove correct. Factors that could cause actual results to differ materially
from the plans are Equalnet's ability to implement its growth and acquisition
strategies, secure competitive financing and general economic and competitive
factors in the rapidly changing telecommunications industry. This press
release should be read in conjunction with Form 8-K, filed with the SEC, March
5, 1998, that details new stockholder equity and acquisitions; Form 10-Q for
the quarterly period ended December 31, 1997, filed February 16, 1998 and Form
10-K for the year ended June 30, 1997, filed with the SEC September 24, 1997
(all file number 0-25842).

  1. Equalnet Holdings -- ENET | Stock Discussion ... - Silicon Investor

    Mar 16, 2000 - 1 post - ‎1 author
    (OTC Bulletin Board: ENET) received the Court's approval to acquire ... Mitchell H.BodianEqualnet's President and CEO, commented, "We are ...

  2. Equalnet Holdings -- ENET Message Board - Msg ... - Silicon Investor

    Feb 26, 1999 - ENETEqualnet to Offer Free Long Distance, Telecommunications ...said Mitchell H. BodianEqualnet's president and chief executive officer.

  3. Equalnet Holdings -- ENET | Stock Discussion ... - Silicon Investor

    Feb 26, 1999 - 10 posts - ‎8 authors
    "This is an exciting new paradigm for the long distance business," said Mitchell H.BodianEqualnet's president and chief executive officer.

  4. Equalnet Holdings -- ENET | Stock Discussion ... - Silicon Investor

    Mar 1, 1999 - 10 posts - ‎9 authors
    I feel there is much more upward momentum left in ENET. I will be ... said MitchellBodian, president and chief executive officer of Equalnet.

  5. Equalnet Holdings -- ENET | Stock Discussion ... - Silicon Investor

    Nov 30, 1999 - 3 posts - ‎3 authors
    ENET seems to be coming alive based on the financials they ... Mitchell H. Bodian,Equalnet's President and CEO, commented, "We are ...

  6. Equalnet Holdings -- ENET | Stock Discussion ... - Silicon Investor

    Apr 7, 1999 - 7 posts - ‎6 authors
    (Nasdaq: ENET) announced today that they intend to acquire Network ... said MitchellBodian, president and chief executive officer of Equalnet.

  7. Equalnet Holdings -- ENET | Stock Discussion ... - Silicon Investor

    Mar 1, 1999 - 8 posts - ‎7 authors
    (Nasdaq: ENET) announced today that they intend to acquire Network ... said MitchellBodian, president and chief executive officer of Equalnet.

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ReplyMessage PreviewFromRecsDate
47NEWS Equalnet Receives Court Approval to Purchase ATCALL, Inc. HOULaura E.-03/16/2000 09:11 AM
46Hi Joe, ENET seems to be coming alive based on the financials they published iChrisJP-03/11/2000 07:22 AM
45thanks doll...been to you..  CaraMia-11/30/1999 12:35 PM
44Visual Data Corporation to Launch Internet-Based Investor ServJohn T. Hardee-11/24/1999 03:08 PM
43No sorry I am not...Best to you  CaraMia-11/01/1999 08:55 AM
42CaraMia, you still following this one please? thx...jim Chartgod-10/30/1999 08:12 PM
41BIG NEWS.. WAKE up out there its time to rock HOUSTON (April 7) BUSINESS WIRE -CaraMia-04/07/1999 03:29 PM
40No one thinks ENET gave away a bit much ... 2.5 million shares ... for IntelesiKarl Zetmeir-03/01/1999 02:43 PM
39I am with you Logistics. I feel there is much more upward momentum left in ENETErnestPoe-03/01/1999 08:50 AM
38Seen this before--ENET's goin' Chapter 11 What sort of proof do you havJoe Copia-03/01/1999 08:27 AM
37ENET is reorganizing. I have seen many stocks move up during reorganization. MLogistics-02/28/1999 10:20 PM
36Seen this before--ENET's goin' Chapter 11 stock leader-02/27/1999 06:10 PM
35COLIN>>> I remember you from DCTC thread...How are you sugar.... CaraMia-02/27/1999 01:08 PM
34ENET. Equalnet to Offer Free Long Distance, Telecommunications Advertisers to PErnestPoe-02/26/1999 06:12 PM
33ENET had news on Friday 2/26/99 LadyNada LadyNada-02/26/1999 03:20 PM
32Hi folks - I am very new to NASDAQ - been a canuck trader only - just a rookieBuckey-01/06/1999 09:24 AM
31I also picked up shares on the close yesterday. I do believe this is as solidNescom-01/06/1999 09:19 AM
30I spoke with AMCI today, guy named Tom, he told me many interesting things, thGennaro-01/05/1999 07:38 PM
29Yes! and a very nice move today... again. High volume too. Could be volatileColin Cody-01/05/1999 06:35 PM
28Colin, Are you still holding ENET? I picked a few thousand at close today...TJeff Jordan-01/05/1999 06:09 PM
27Nice move the past few days on this one! eom Colin Cody-10/27/1998 11:23 PM
26Yet another post: Equalnet Holding Corp. (Nasdaq: ENET), a national facilitiefred woodall-05/05/1998 08:00 PM
25ENET 3.0 I'm guessing this thread will come alive in another week. fred woodall-04/27/1998 01:23 PM
24My work here is done. One would think the money ENET shareholders are making onfred woodall-03/13/1998 01:56 AM
23ENET (2.968) ENET on Thursday named Robert H. Turner chief executive officer, pfred woodall-03/12/1998 07:19 PM
22EqualNet CEO Turner Replaces Zane Russell. (DJ Wire) fred woodall

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